Cash settlement, payable on the first exchange day following the final settlement day.

Contract values and price gradations

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Contract

Contract value

Minimum price change

Points

Value

MSCI Europe Index?Futures (FMEU)

EUR 100

0.05

EUR 5

MSCI Europe Index?Futures (FMED)

USD 10

1

USD 10

MSCI Europe Price Index?Futures

EUR 100

0.05

EUR 5

MSCI Europe Growth?Index?Futures

EUR 100

0.05

EUR 5

MSCI Europe Value?Index?Futures

EUR 100

0.05

EUR 5

MSCI Europe ex Switzerland Index Futures

EUR 100

0.05

EUR 5

MSCI EAFE Index Futures

USD 10

1

USD 10

MSCI EAFE Price Index Futures

USD 50

0.1

USD 5

MSCI EMU Index Futures

EUR 100

0.05

EUR 5

MSCI EMU Value Index Futures

EUR 100

0.1

EUR 10

MSCI EMU Growth Index Futures

EUR 100

0.1

EUR 10

MSCI World Index?Futures (FMWO)

USD 10

1

USD 10

MSCI World Index?Futures?(FMWN)

EUR 100

0.05

EUR 5

MSCI World Price Index?Futures

USD 10

0.5

USD 5

MSCI World Midcap Index?Futures

USD 50

0.5

USD 25

MSCI World Value Index Futures

USD 100

1

USD 100

MSCI World Growth Index Futures

USD 100

1

USD 100

MSCI Kokusai Index Futures

USD 10

1

USD 10

MSCI Kokusai GTR Index Futures

USD 10

1

USD 10

MSCI AC Asia Index Futures

USD 100

0.1

USD 10

MSCI AC Asia ex Japan Index Futures

USD 100

0.1

USD 10

MSCI AC Asia Pacific Index Futures

USD 100

0.1

USD 10

MSCI?AC Asia Pacific ex Japan Index?Futures

USD 100

0.1

USD 10

MSCI AC ASEAN Index Futures

USD 10

1

USD 10

MSCI Pacific Index Futures

USD 10

1

USD 10

MSCI Pacific GTR Index Futures

USD 10

1

USD 10

MSCI?Pacific ex Japan Index?Futures

USD 10

1

USD 10

MSCI Frontier Markets Index?Futures

USD 10

0.5

USD 5

MSCI Emerging Markets Index Futures (FMEM)

USD 100

0.1

USD 10

MSCI Emerging Markets Index Futures?(FMEN)

EUR 100

0.1

EUR 10

MSCI Emerging Markets Price Index Futures

USD 50

0.1

USD 5

MSCI Emerging Markets Value Index Futures

USD 10

0.1

USD 1

MSCI Emerging Markets Growth Index Futures

USD 10

0.1

USD 1

MSCI Emerging Markets Asia Index Futures

USD 100

0.1

USD 10

MSCI Emerging Markets Asia ex Korea Index Futures

USD 10

0.5

USD 5

MSCI Emerging Markets EMEA Index Futures

USD 100

0.1

USD 10

MSCI Emerging Markets EMEA ex Turkey Index Futures

USD 50

0.5

USD 25

MSCI Emerging Markets EMEA Latin America ex Brazil Index Futures

USD 10

0.5

USD 5

MSCI Emerging Markets Latin America Index Futures

USD 100

0.1

USD 10

MSCI ACWI Index Futures

USD 100

0.05

USD 5

MSCI ACWI ex USA Index Futures

USD 100

0.05

USD 5

Contract months

Maturity months (up to 36?months): The twelve nearest quarterly months of the March, June, September and December cycle.

Last trading day and final settlement day

Last trading day is the third Friday of each maturity month if this is an exchange day at Eurex; otherwise the exchange day immediately preceding that day.

Final settlement day of MSCI Index Futures is the exchange day immediately following the last trading day.

Close of trading in the maturing futures on the last trading day is at 22:00 CET.

Daily settlement priceThe daily settlement prices for the current maturity month are derived from the volume-weighted average of the prices of all transactions during the minute before 17:30 CET, provided that more than five trades transacted within this period.

For the remaining maturity months, the daily settlement price for a contract is determined based on the average bid/ask spread of the combination order book.

Final settlement price

The final settlement price is established by Eurex on the final settlement day?of the contract and is determined by the closing value of the respective Price, Net or Gross Total Return Index on the last trading day.

Block Trades

Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 250 contracts.

Parameters

Maximum Spreads

0.50 percent based on the bid price.

In Fast Market, the Maximum Spread is increased by 100 percent.

Minimum Quote Size

5 contracts on the bid and ask side.

The minimum quote duration is 70 percent of the trading hours between 09:00 and 17:30 CET (on a monthly average). The front month has to be quoted; five exchange days preceding the last trading day, Market Makers may choose to quote either the front month or the second contract month.

Mistrade Ranges

A deviation of the mistrade transaction price from the reference price shall be deemed significant if the price of the mistrade transaction deviates from the reference price more than 20 percent of the price change percentile for the corresponding futures contract, unless another regulation has been made for an individual product.

Crossing Parameters

(section 2.6 Eurex Trading Conditions)

(1) Orders and quotes relating to the same instrument or combined instrument may, in case they could immediately be executed against each other, neither be entered knowingly by an Exchange Participant (a cross trade) nor pursuant to a prior understanding by two different Exchange Participants (a pre-arranged trade), unless the conditions according to Paragraph 3 have been fulfilled. The same shall apply for the entry of orders as part of a quote.

(2) An Exchange Participant may submit a description of his internal and external links to the EDP system of Eurex Deutschland to the Market Surveillance Office of Eurex Deutschland with a view to a decision on whether the Exchange Participant acted knowingly within the meaning of Paragraph 1. The details of the specifications of the description of the IT linkage pursuant to Sentence 1 shall be determined by the Surveillance Office of Eurex Deutschland in agreement with the Management Board of Eurex Deutschland.

(3) A cross trade or a pre-arranged trade is admissible if a participant in a cross-trade or a pre-arranged trade, prior to entering his order or quote into the EDP system of Eurex Deutschland, announces his intention to execute a corresponding number of contracts as cross-trades or pre-arranged trades in the order book (“cross request”). The order or quote giving rise to the cross trade or pre-arranged trade must be entered one second at the earliest and 61 seconds at the latest with regard to Money Market Futures contracts, Fixed Income Futures contracts, options on Money Market Futures contracts and options on Fixed Income Futures contracts, respectively 31 seconds at the latest with regard to all other futures and option contracts after having entered the cross request. The purchasing Exchange Participant shall bear the responsibility for compliance with the content of the cross request entry. Entering a cross request without subsequently entering the respective order or quote is not admissible.

(4) Paragraphs 1 and 3 shall not apply to transactions consummated during the netting process in an auction (Number 1.4 Paragraphs 2 and Paragraph 3).

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